STERICYCLE INC
stericycle.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Nov 1, 2024. Its latest SEC filing is a S-8 POS from May 14, 2025.
10-Q for Q3 FY2024, filed Nov 1, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Collects and treats regulated medical and specialized waste, provides compliance services, and destroys confidential documents and media for healthcare providers and other businesses.
10-K for FY2023, filed Feb 28, 2024Biohazardous Waste Disposal (including Regulated Medical Waste, Sharps Waste Management and Disposal, Pharmaceutical Waste Management and…View ↗
Secure information destruction and compliance solutions (including document, hard drive, and specialty destruction services) under the…View ↗
Our service offerings appeal to a wide range of business customers. Our customers are primarily in the following industries: enterprise…View ↗
How Did They Make Money?
Customers pay monthly, quarterly, or annual rates and/or charges based on waste volume, weight, and type; invoices are issued regularly or as services are performed and are generally due shortly afterward. Waste collection and secure-destruction services are charged when collected, while compliance services are charged over the contract term.
10-K for FY2023, filed Feb 28, 2024The Company recognizes revenue by applying the right to invoice practical expedient as the Company’s right to consideration corresponds…View ↗
The Company’s customers typically enter into a contract for the provision of services on a regular and scheduled basis, e.g., weekly…View ↗
Amounts are invoiced based on the terms of the underlying contract either on a regular basis, e.g., monthly or quarterly, or as services…View ↗
$2.7B
-
10-K for FY2023, filed Feb 28, 2024
$2.7B ↗
Who Were Their Customers?
Healthcare organizations and care providers; pharmacies, labs and research centers; and airports, public institutions and other businesses are customer groups.
10-K for FY2023, filed Feb 28, 2024Our service offerings appeal to a wide range of business customers. Our customers are primarily in the following industries: enterprise…View ↗
Did Revenues Turn Into Profits?
Not on paper. It lost $21.3M in FY2023, but brought in more cash than it spent: $112M of free cash flow.
10-K for FY2023, filed Feb 28, 2024
$77.3MView ↗
10-K for FY2023, filed Feb 28, 2024
−$21.3MView ↗
10-K for FY2023, filed Feb 28, 2024
$112MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q3 FY2024, filed Nov 1, 2024
−$13.7MView ↗
- ▼ Now a loss
- vs $2.1M in Q3 FY2023
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Nov 4, 2024
Stericycle’s merger with Waste Management closed
The transaction included assumption and repayment of Stericycle debt.
Sources
8-K, filed Nov 4, 2024
Completion of Acquisition or Disposition of Assets.View ↗
Shrank. Revenue fell 20% in 4 years, from $3.3B in FY2019 to $2.7B in FY2023, about 5% a year.
Patient communications
The older report listed patient engagement services for hospitals, including appointment reminders, secure messaging and event registration; the latest lineup describes waste, compliance and information-destruction services.
10-K for FY2020, filed Feb 25, 2021 10-K for FY2023, filed Feb 28, 2024
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